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Stara Planina Hold to distribute BGN 0.22807 gross DPS (NEUTRAL)

The shareholders of Stara Planina Hold approved to distribute a total of BGN 4.75m as dividends for 2017, or BGN 0.22807 gross DPS, equivalent to 60.6% payout and 3.0% yield at the last close price of BGN 7.5 per share. The payment of the dividends should begin on 10.07.2018 and last up to 3 months. In addition, the shareholders approved to pay out 2% of the 2017 net profit as bonuses to the BoD.

Source: Stara Planina Hold; FFBH

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